After a month of speculation, it looks like Neighbours may be staying put on Channel 5 after all and, meaning the Australian soap's future may have been saved by a reported 4-year deal.

While a spokesperson for Channel 5 and FremantleMedia told Digital Spy last month that they wouldn't be commenting on commercial contracts, it had been rumoured that talks between American company Viacom (who bought Channel 5 in 2014) and production company FremantleMedia had hit a wall.

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But now it looks like Neighbours could be sticking around for a few more years yet as The Mirror is reporting that a new deal has been struck between Channel 5 and FremantleMedia that will keep it on TV for at least four years.

Channel 5 and FremantleMedia both declined to comment on the new reports when Digital Spy reached out.

According to last month's reports, Viacom apparently weren't keen on renegotiating for the soap.

The news put the future of the show in jeopardy as its popularity in the UK plays a key role in keeping the soap going – it only airs to a small audience on the digital channel Eleven in its native Australia.